1307.203
Liability for nonreceipt or misdescription - UCC 7-203.

Part 2. Warehouse Receipts: Special Provisions

A party to or purchaser for value in good faith of a
document of title, other than a bill of lading
, that relies upon the description
of the goods
in the document may recover from the issuer
damages caused by the nonreceipt or misdescription of the goods, except
to the extent that :

(A)
The
document conspicuously indicates that the issuer does not know whether
all or
part of the goods in fact were
received or conform to the description, such as
a case in
which the description is in terms of marks or labels or kind, quantity,
or condition, or the receipt or description is qualified by "contents,
condition, and quality unknown", "said to contain", or
words of
similar import, if the indication is true ; or

(B)
The
party or purchaser otherwise has notice of the
nonreceipt or misdescription.